Member Info for mulledwine

Good news for you guys - we could all do with some of that just now. GL

Uranium Resources Managing Director Alex Gostevskikh said, "The recent results further validate our exploration model for Mtonya where we are exploring for a significant sandstone-hosted deposit amenable to in-situ recovery. In addition to certain signature characteristics common for all roll-front deposits, such as redox interface behaviour, composition of the sedimentary rocks and geochemical patterns, we now observe mineralised roll-front geometries and tenors that are similar to sandstone-hosted uranium deposits in Wyoming's Powder River Basin and Wind River Basin where Cameco and Uranium One operate in-situ recovery facilities. These observations provide a strong reinforcement to the Company's assessment of the prospectivity of the Luwegu Basin and all of southwestern Tanzania for sandstone-hosted deposits amenable to in-situ recovery, the lowest-cost and environmentally sound method of uranium extraction. Our drilling campaign has been progressing well ahead of schedule and under budget and we are on course to define a maiden JORC-compliant resource by Q1 2013. We are also pleased to note the positive developments surrounding Uranium One's Nyota Project and its full support by the Tanzanian government and specifically the Ministry for Natural Resources and Tourism, which fully recognises the vital importance of sustainable development in the Ruvuma region."

Current Trading and Outlook Despite the uncertain prospects for the world economy, our strategy of bringing compelling value propositions to sizeable and regulated markets through the application of LED technology continues to drive strong growth in both revenues and profits. The future for our White Lighting product line is ever more exciting. The increase in the Group's sales of these products reflects our ability to focus on appropriate applications and capitalise on the benefits delivered by our Solid State Lights. The results of the first half give the Board confidence of achieving results at the higher end of expectations and that the Group's strategy will continue to deliver strong results in the coming years.

Roy Burton, Group Chief Executive, said: "Another strong performance from Industrial Lighting and Obstruction Lighting during the first half and an excellent earnings result gives further confidence in the future prospects of our ongoing strategy. The results of the first half give the Board confidence in achieving full year results at the higher end of current market expectations. The Board is confident that the Group's strategy will continue to deliver strong results in the current year and beyond."

Half Yearly financial report Highlights · Group Revenues up 18.2% at £61.1m (2011: £51.7m). Revenue from Continuing Operations up 13.6% at £53.1m (2011: £46.8m). · Signals/Illumination Revenue up by 25.1% to £42.7m (2011: £34.1m), driven by 65% growth in Solid State Lighting and 40% growth in Obstruction Lights. · Operating profit growth from Continuing Operations of 21% at £8.2m (2011: £6.8m). · Decision to dispose of Smart Metering product line. Now treated as Discontinued - Impact of Discontinued Operations reduced to a loss of £0.1m (2011: loss £0.5m). · Earnings per share from continuing operations (EPS) of 17.2p (2011: 12.7p). · Closing net cash £8.1m (2011: £6.2m) · Interim dividend increased to 4.0p (2011: 3.3p) · Acquisition of Airinet Controls to provide Smart Lighting for the Industrial Market · Manufacturing facility in Malaysia on track to commence production in Q3 2012

http://www.investegate.co.uk/Article.aspx?id=201207230700031002I

Outlook Over the past six months, we have made significant progress towards the ongoing development of the business, through both our existing mines and our portfolio of growth projects. We look forward to building on this progress in the second half, where we expect production to increase with a subsequent decline in cash costs per ounce sold, in accordance with our mine plan. As a result, we maintain our production guidance of 675,000-725,000 ounces of gold for 2012. At the same time, we still expect our cash costs for the year to come within the range set of US$790-860 per ounce (US$740-810 per ounce on a cash operating cost basis, excluding royalties), albeit in the upper part of the range. As part of our longer term focus, we continue to drive operational efficiencies to optimise production at our existing assets, whilst focusing on the growth of our business through our organic projects and potential acquisitions. With the ongoing economic uncertainty and challenges within the global market, we remain positive on the outlook for gold, and are confident that the fundamental attraction of the precious metal as a store of value will continue to support future gold prices.

Financial Highlights Revenue of US$534 million, down 8% on H1 2011. Cash margin2 of US$704 per ounce, a decrease of 13% on H1 2011. Impact of planned lower production levels due to mine sequencing contributed to: EBITDA2 of US$171 million, down 30% on H1 2011. Net profit of US$65 million, down 46% on H1 2011, with EPS of US15.9 cents. Net cash position of US$504 million as at 30 June 2012. Proposed interim dividend of US4.0 cents per share, up 25% on 2011.

African Barrick Gold plc ("ABG'') reports half year results → Continued progress, full year guidance maintained, dividend increased Operational Highlights Attributable gold production1 of 297,742 ounces (Group production1 of 305,692 ounces), 14% below H1 2011, due to expected lower grade material mined at Buzwagi, waste stripping at North Mara and batch processing at Tulawaka. Cash cost per ounce sold2 of US$938 per ounce, up 43% on H1 2011, primarily due to lower production, higher energy costs and industry wide cost pressures. Board approved the expansion of the Carbon in Leach Circuit at Bulyanhulu. Waste rock permits for North Mara received, critical to the expected production increase in H2 2012. Continued success in our exploration programmes: Declared an in-pit gold resource of 3.75 million ounces Indicated and 0.85 million ounces Inferred at Nyanzaga. Delineated an additional 1 million ounce gold resource at Gokona, North Mara. Successfully extended Tulawaka's mine life into 2013.

http://www.investegate.co.uk/Article.aspx?id=20120723070000PD4CF

Rentokil is due to release its second-quarter results early in August and the market will be interested in just one thing – has City Link been sorted out? Rentokil’s other two main divisions – the pest control business and its textile hire and cleaning services division – are both robustly profitable. The rat-catching operation recently announced it was being welcomed back into Libya, where a contract to clean the nation’s cities of rats was interrupted by last year’s civil war. The full-year outlook for the group should be positive. The consensus view of analysts is that turnover will exceed last year’s 2.54bn pounds and the group should return to profit. “Shares in Rentokil Initial are not without risk and the troubles at City Link have left many investors bruised. If the parcels division remains a drag, the shares will continue to languish or could even fall further. But if the group’s plan succeeds and City Link is brought back out of loss, even just to break even, then Rentokil looks undervalued,” The Financial Mail on Sunday´s Midas column says. At 751⁄2p, the shares value the group at 1.37bn pounds or just under ten times forecast earnings. Despite the high-profile troubles, the group has been paying down debt, which now stands at just under 1bn pounds, and it signaled its confidence last year when it reinstated the dividend at 1.33p a share. The shares are a buy for the brave Midas concludes.

Outlook Whilst the global trading environment is challenging, we are adapting our resource allocation to fit the current market conditions. Looking ahead, we expect that the on-going implementation of our strategy of vertical integration in designing and manufacturing our own products, targeted at servicing the power supply needs of industry leading customers, continues to position the group well for long term earnings growth. An expansive, up to date portfolio of market leading products and the development of an industry leading in-house manufacturing capability are at the core of our strategy and are leading to multiple new program wins which will drive our growth as we continue to take market share. While industrial electronics markets remain subdued at present, we continue to believe that our greater penetration of a Blue Chip customer base and significant design win success bode well for the future of XP. Customers are continuing to place orders at a significantly higher rate than that seen in the second half of 2011, with orders in the first half of 2012 16% above those in the second half of the prior year. Against this background, we currently anticipate that second half revenues and earnings will be substantially higher than those achieved in the first half of the current year.

Larry Tracey, Chairman, commented: "Whilst the global trading environment is challenging, we are adapting our resource allocation to fit the current market conditions. Looking ahead, we expect that the on-going implementation of our strategy of vertical integration in designing and manufacturing our own products, targeted at servicing the power supply needs of industry leading customers, continues to position the group well for long term earnings growth."

- Revenue reduced by 10% to £46.5 million due to weaker order intake in the latter part of 2011 as industrial electronics demand softened in response to a weaker macroeconomic outlook - Gross margin reduced to 46.9% (2011: 49.5%) due to a combination of Vietnam start-up costs and lower factory loading - New production facility in Vietnam now operational and expected to break even by the end of 2012 - Continued expansion of own-design XP products to reach 61% of revenues (2011: 55%) - New product introductions and the development of an industry leading in-house manufacturing capability have generated multiple new program wins to drive future growth and market share gains - Order intake for first half of 2012 improved significantly, exceeding second half of 2011 by 16% - Second half revenues and earnings expected to be substantially higher than those achieved in the first half of the current year

http://www.investegate.co.uk/Article.aspx?id=20120723070000P0778

On Wednesday, heavyweight chip designer ARM Holdings will update investors with its second-quarter trading. Since mid-April, the stock has stopped around from 600p to below 500p. Jefferies said in a statement earlier this month: "Its perhaps not a dearth of new news in the name that’s limiting upside – we think instead the market is concerned on 2Q royalties (weak guide) and order cuts in the channel for some handset makers (mainly RIM, Nokia; some at others like Samsung, Hua, HTC and ZTE) into 3Q12." The broker expects a $205m top-line with royalties accounting for $104m an licensing $76m

Retail-focused real estate investment trust (REIT) Hammerson is expected to release a statement on Monday. Peel Hunt has said that while the UK UPD shopping centre index has fallen 1.6% in the first five months of 2012, Hammerson is expected to outperform - "achieving anything above 0% would be a positive here". "Any small decline could well be offset by French retail and further gains at the Marseille development. Overall, we expect broadly unchanged net asset value and earnings per share," the broker said.

Valuation: Discount in upper quartile of 12-month range The discount of c 3% is tighter than the three- and five-year averages (7.1% and 9.7%), and the sector average of c 7%. If SST is able to continue its impressive track record of performance relative to the peer group, this differential is modest

http://www.edisoninvestmentresearch.co.uk/researchreports/SSTReview200712.pdf

London Stock Exchange Group Sell 19-Jul-12 £522,267.50 Xavier Rolet 52,185 @ 1,000.80p London Stock Exchange Group Sell 19-Jul-12 £433,526.56 Raffaele Jerusalmi 43,318 @ 1,000.80p